Score
NextGrow
United States|2-5 years| https://nextgrowfx.com/
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No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+971 505165664
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Broker Information
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NextGrow Ltd
NextGrow
United States
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | Forex, Indices, Commodities, Stocks |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | Zero |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | Forex, Indices, Commodities, Stocks |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | Zero |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | Forex, Indices, Commodities, Stocks |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | Zero |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | Forex, Indices, Commodities, Stocks |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | Zero |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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NextGrow · Company Summary
General Information
Next Grow FX is allegedly a brand new‐generation, multi‐asset broker based in the USA that provides its clients with the industry-leading MT5 platform, leverage up to 1:1000, low spreads on over 300 tradable assets, a choice of four different account types, trading and financial services, as well as 24×5 customer support services.
Market Instruments
Next Grow FX advertises that it offers access to more than 300 trading instruments in financial markets, including forex, CFDs on indices, commodities, stocks, as well as metals.
Account Types
There are four live trading accounts offered by Next Grow FX, apart from free demo accounts, namely Starter, Expert, Prime and Pro. However, the broker didnt disclose any information about the minimum initial deposit amount.
Leverage
The maximum leverage ratio provided by Next Grow FX is pretty high, up to 1:1000. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Next Grow FX claims that it provides its clients with ultra-low spreads starting from 0 pips. All charging no commissions.
Trading Platform Available
When it comes to trading platforms available,Next Grow FX gives traders the worlds most widely-used Metatrader5 platform, available on both desktop and mobile. It has three different versions: MT5 for Windows, MT5 for Android and MT5 for iOS. MT5 is known as one of the most successful, efficient, and competent forex trading software, offering a friendly interface, some technical tools and indicators, as well as an extensive variety of opportunities for market evaluation. While with MT5 on mobile and tablet, trading can be done from anywhere and at any time.
Deposit & Withdrawal
Next Grow FX accepts deposits and withdrawals via Debit & Credit Cards (VISA, MasterCard), Bank Wire Transfer, E-Wallets (Skrill, Neteller) and Internal Transfer. There is no minimum deposit amount for Internal Transfer, but at least $500 for other deposit methods. While the minimum withdrawal amount is $100 and the other withdrawal methods without minimum withdrawal. As for the processing time of deposit and withdrawal requests, it varies depending on different deposit and withdrawal methods. Deposits usually can be processed instantly for Debit & Credit Cards and E-Wallets, 1-5 business days for Bank Wire Transfer and 24 hours for Internal Transfer. While withdrawals via Debit & Credit Cards require 2-5 business days, Bank Wire Transfer with 1-5 business days, E-Wallets and Internal Transfer within 24 hours.
Customer Support
Next Grow FX‘s customer support can be reached through telephone: 971505165664, email: support@nextgrowfx.com, info@nextgrowfx.com or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.
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